Weekly Channel Summary
The Currency ETF channel, encompassing 15 ETFs across 4 issuers, currently holds $2.94 billion in total Assets Under Management. Over the past five days, the channel experienced net positive flows of $57 million. This adds to a strong year-to-date trend, with YTD flows reaching $639 million, contributing to a 1-year total flow of $116 million.
This Week’s Performance Leaders and Laggards
From a performance perspective, the Long: AUD category led the pack with a Week-to-Date (WTD) return of 0.98%, bolstered by an impressive YTD gain of 8.43%. Conversely, the Long | Short: Multi category was the primary laggard, dropping -1.05% this week, despite maintaining a strong YTD return of 10.77%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: AUD | 0.98% | 0.19% | 1.30% | 10.35% | 8.43% | 13.02% |
| Long: CHF | 0.58% | 0.04% | -1.71% | 2.49% | 1.16% | 4.58% |
| Long: Emerging | 0.57% | 0.70% | -0.04% | 4.19% | 2.91% | 9.41% |
| Short: USD | 0.38% | -0.69% | -0.89% | 1.39% | 0.07% | 1.96% |
| Long: GBP | 0.38% | -0.64% | 0.77% | 2.79% | 1.06% | 2.17% |
| Long: CAD | 0.31% | -1.19% | -0.98% | 1.26% | -0.46% | 0.07% |
| Long: EUR | 0.24% | -0.03% | -0.04% | 0.78% | 0.28% | 2.21% |
| Short: Yen | 0.07% | 3.95% | 5.52% | 7.22% | 5.80% | 31.43% |
| Long: Yen | -0.04% | -2.56% | -3.39% | -4.08% | -3.30% | -16.20% |
| Long: USD | -0.27% | 1.05% | 2.15% | 1.08% | 1.83% | 3.91% |
| Long | Short: Multi | -1.05% | 0.81% | 0.78% | 6.56% | 10.77% | 22.61% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing individual ETF was the Invesco CurrencyShares Australian Dollar Trust (FXA), which returned 0.98%. On the other end of the spectrum, the Simplify Currency Strategy ETF (FOXY) fell by -1.05%, and the ProShares UltraShort Euro (EUO) declined by -0.45%.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.98% |
| FXE | Invesco CurrencyShares Euro Trust | 0.64% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 0.58% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.57% |
| ULE | ProShares Ultra Euro | 0.52% |
| Bottom Performers | ||
| FOXY | Simplify Currency Strategy ETF | -1.05% |
| EUO | ProShares UltraShort Euro | -0.45% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.28% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.25% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.07% |
Analyzing the Weekly Flows
Overall, the Currency ETF channel garnered $57 million in net inflows this week. The Long: USD category was the primary beneficiary, attracting $44 million and bringing its AUM to $780M. Long: EUR also saw notable interest with $16 million in new assets. The largest outflows were isolated to the Short: USD category, which shed -$5 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $780M | $44M | $27M | $330M | $338M | $350M |
| Long: EUR | 3 | $467M | $16M | -$18M | -$25M | $5M | -$113M |
| Long | Short: Multi | 1 | $313M | $1M | $180M | $219M | $257M | $296M |
| Long: AUD | 1 | $106M | $0M | $0M | $4M | $14M | $4M |
| Long: Emerging | 1 | $16M | $0M | $0M | $0M | $2M | $4M |
| Short: Yen | 1 | $30M | $0M | $0M | $0M | -$7M | -$1M |
| Long: GBP | 1 | $78M | $0M | -$6M | $7M | $1M | -$6M |
| Long: Yen | 2 | $471M | $0M | -$5M | -$59M | -$42M | -$384M |
| Long: CAD | 1 | $74M | $0M | -$4M | -$11M | $0M | -$14M |
| Long: CHF | 1 | $489M | $0M | -$6M | -$68M | $91M | -$2M |
| Short: USD | 1 | $118M | -$5M | -$17M | -$28M | -$20M | -$19M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco DB US Dollar Index Bullish Fund (UUP) was the clear leader for inflows, bringing in $46 million. Conversely, the Invesco DB US Dollar Index Bearish Fund (UDN) and the WisdomTree Bloomberg US Dollar Bullish Fund (USDU) experienced the most significant outflows at -$5 million and -$1 million, respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish Fund | $46M |
| FXE | Invesco CurrencyShares Euro Trust | $16M |
| FOXY | Simplify Currency Strategy ETF | $1M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| UDN | Invesco DB US Dollar Index Bearish Fund | -$5M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -$1M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
Issuer League Table Update
Invesco continues to dominate the channel with a 72.33% market share, followed by WisdomTree at 13.47%. Invesco led weekly inflows, capturing $56 million. WisdomTree experienced the most significant outflows among the top issuers, shedding -$1 million this week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.13B | 72.33% |
| WisdomTree | 2 | $0.40B | 13.47% |
| Simplify | 1 | $0.31B | 10.66% |
| ProShares | 4 | $0.10B | 3.54% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Invesco | $56M |
| Simplify | $1M |
| ProShares | $0M |
| Outflows | |
| WisdomTree | -$1M |
| ProShares | $0M |
| Simplify | $1M |
For a deeper dive into these trends, access our FREE, in-depth Currency ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
